The Global Passenger Security Equipment Market size is expected to reach $78.4 billion by 2023, rising at a market growth of 9.3% CAGR during the forecast period. Passenger security equipment is mostly used in securing passengers from accidents, crimes, and other threats. The global passenger security equipment market would grow with a significant growth rate during the forecast period due to increasing incidences of terror activities, especially on public transport infrastructures. Terror attacks are on the rise; therefore, passenger security systems are being installed around the globe to monitor and scan passengers and their luggage.